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Turns Out You Only Think You’re Spending Less Money

Friday, August 9, 2013 - 7:05 AM
American consumers claim that they’re not spending as much money this year on restaurants, bar tabs, home purchases, and other key categories. The actual consumer spending data tells a different story.

http://www.cuinsight.com/turns-out-you-only-think-youre-spending-less-money.html
8
ShorebreakShorebreak2,670 posts since
Apr 6, 2010
Rep Points: 14,473
1. Friday, August 9, 2013 - 7:47 AM
So as I think, I am.  That's what is more important.  Not those ridiculous statistics.  I am me.  Not a "number".  Good morning to you to, SB. 
4
paoli2paoli21,398 posts since
Aug 10, 2011
Rep Points: 6,127
2. Friday, August 9, 2013 - 3:19 PM
Or as the article pointed out, the wealthier segment could actually be spending more and skewing the results.  I may in fact be spending less, but my neighbor seems to be on a tear lately.  :O)
4
ChrisCDChrisCD70 posts since
Nov 18, 2010
Rep Points: 457
3. Friday, August 9, 2013 - 5:38 PM
It can be (1) error in the mind, (2) error/confusion in statistics, (3) absent-mindedness (who cares?!)

I, for one, can not care less about how I spend vs. several years ago.  What I do care is (1) whether my expenses are indeed necessary and worthwhile, (2) how I can increase my earnings and budget my spending more effectively.

Again, the article (as many other financial articles)  is missing the point, IMHO.
4
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427
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